The Greenback confirmed the up-trend by rebounding at the end of last week, breaching the tough resistance at 1.3328 and erasing all last week's losses.
The Aussie easily pierced the 100-day SMA and ended up closing at the down-trend on Friday.
The European currency declined against the Japanese Yen on Friday, piercing the weekly S1 and finding support only near the trend-line and the levels bolstering it.
After moderate losses at the end of last week, gold opened substantially lower Monday morning.
Although the USD/JPY edged lower at the end of last week, the loss was only nine pips big.
Last Friday the Sterling suffered a heavier-than-anticipated loss against the US Dollar, slumping over 100 pips, therefore, erasing all weekly gains.
EUR/USD bounced back from 1.0730 on Friday and posted an 80-pip loss during the trading session.
NZD/USD is rapidly recovering after a test of the monthly S1. The pair managed to pierce through a combination of the 55 and 100-day SMAs, which paved the way for a rally towards 0.6650, where we expect the Kiwi to probe the falling resistance line it has established in October.
USD/CAD appears to be in a good position advance. Although there is a tough resistance level at 1.3328, represented by the monthly R1, since mid-October the currency pair has established a reliable up-trend, which should prevent losses beyond 1.3250.
The Australian Dollar slightly overshot our target, as the exchange rate reached the 100-day SMA, rather than the expected 0.72 level yesterday.
"We have had some more dovish comments from Draghi and that has driven the euro down just now. It does now seem like the ECB is heading down this road and the market is positioning for it."- Rabobank (based on CNBC)Pair's OutlookAs was expected, the Euro remained relatively unchanged against the Japanese Yen, as it added only 11 pips over the
Gold surged the most since Oct 14 on Thursday, by jumping from July low at 1,070 towards the weekly pivot point at 1,084.
The US currency lost over 75 pips against the Yen yesterday, caused by the FOMC meeting minutes results, in spite of the December hike possibility remaining in play.
The GBP/USD reached as high as the 200-day SMA on Thursday, but lost some of the gains and closed under 1.53.
Yesterday the EUR/USD cross strengthened the most since Nov 12, by piercing through the 1.07 mark and consolidating somewhat below 1.0750 by the end of trading.
On Wednesday the Kiwi failed breached neither the closest support nor the resistance, thus traded flat by the end of the day.
The Greenback gave up on its intraday gains and ended the day in the red zone.
The AUD/USD remained unchanged over the day, after having reached a fresh one-week low yesterday.
"In Europe and Japan, central banks are carrying on with easy monetary policy to support growth and this plays in favor of stock markets." - Ambrosetti Asset Management (based on CNBC) Pair's Outlook The EUR/JPY currency pair behaved in accordance with expectations, as it underwent a correction and closed trade slightly above the target. Despite yesterday's surge, the situation remains unchanged. The given cross
Gold was fully unchanged in value yesterday, with both bulls and bears failing to establish a lead after minutes of the latest FOMC meeting.
The USD/JPY appreciated only 18 pips on Wednesday, piercing the nearest resistance, which is now forming a support cluster along with the weekly R1.
After having tested the immediate support cluster, the Sterling managed to preserve the bullish momentum yesterday, but failed at reaching the closest resistance.
EUR/USD gained value on Wednesday, despite hawkish FOMC meeting minutes mentioning a potential rate hike in December.
The New Zealand Dollar's fall was stopped by the immediate support, causing the NZD/USD to close trade at 0.6468 yesterday.